by Simplar | Sep 11, 2025 | Built Environment, Project Selection, Project Selection, Weekly Construction Message
The most crucial element in construction profitability is selecting the appropriate project. It is not “cutting the payroll” or “speeding up the work” or “stretching the concrete”, or “reducing a bid”. It is not...
by Simplar | Jan 17, 2025 | Business, Strategic and Project Planning, Project Selection, Project Selection, Risk Management, Weekly Construction Message
Profitability in construction begins with project selection. Ours is the only industry that signs a binding contract to sell our service for a fixed price, not knowing exactly what it will cost to provide that service. What’s worse, we bid in a highly...
by Simplar | Jul 14, 2022 | Built Environment, Business of Construction, Partnering, Planning, PM, Procurement, Weekly Construction Message
Project Selection Realities Dr Thomas C Schleifer The gambler plays a hunch and takes a flyer. The odds maker weights past performance variables and uses probability statistics to estimate the possibility of future successful outcomes. Who do you think most often...
by Simplar | Sep 2, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Leadership, Weekly Construction Message
I spent much of my construction career working for the nation’s top sureties who were providing the payment and performance bonds to our industry. My firm, CMA Consulting Group, was the nation’s largest workout specialist, completing projects left...
by Simplar | Aug 12, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
We all know that construction is a risky business. Every new project presents unique risks to our bottom line. The question, however, always remains, “How risky is this project?” In the past, we were left with our instincts to measure risk. Experienced...
